, Taiwan

Taiwan insurance industry suffers double digit drops in April

Life insurance enterprise fell by 13.9% whilst decreased by 16.5%.

Both Taiwan’s life and non-life insurance saw double-digit drops in April, according to statistics released by the Financial Supervisory Commission (FSC).

Life insurance industry’s pre-tax profit reached $6.07b, a decrease of 13.9% compared to the previous year. Non-life went down 16.5% to $230m, a decrease of $45m compared to the same month last year.

Total owners' equity of insurance enterprises at the end of April 2022 was $63.48b. Owners' equity of life insurance enterprises was $58.44b, going down by 32.3% compared to last year, whilst owners' equity of non-life insurance enterprises was $5.04b, going down by 1.7%.

You may also like:

Taiwan’s COVID-19 insurance claims may exceed $1.39b: regulator

nib postpones increasing health insurance premiums for Australians

Indonesia insures more than 2,000 gov’t buildings

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Income-Allianz failed merger shows popular opinion is king
The deal faced backlash from Singaporeans who thought it betrayed Income’s social mission.
Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.